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Lucid Motors cuts 18% of workforce as new CEO dismantles second production shift

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Lucid cuts 1,500 jobs and kills its second factory shift as new CEO Napoli restructures ahead of the sub-50,000-dollar Cosmos SUV launch.

Lucid Motors is cutting 18 percent of its workforce, roughly 1,500 employees, just four months after the EV maker laid off 12 percent of its staff. The company said Monday that it has also eliminated the second production shift at its factory in Casa Grande, Arizona, and scrapped the chief operating officer role entirely.

The cuts are the first major move by Silvio Napoli, who took over as CEO in April after a 14-month search following the abrupt resignation of founder Peter Rawlinson in February 2025. Napoli, who spent nearly 31 years at Swiss elevator and escalator manufacturer Schindler and has no prior automotive experience, said the restructuring is meant to “simplify the company, sharpen execution, and position Lucid to become more competitive over time....

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Ransomware hits Langflow, can't collect ransom | VentureBeat

The same attacker broke into the same internet-facing Langflow server twice, and the second time brought ransomware built to destroy trained AI models. Sysdig's Threat Research Team documented the first campaign on July 1 and the second on July 20. The entry point never changed, but the payload

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AI referral traffic lands on homepages | VentureBeat

If your business depends on people clicking through to web pages, the last two years have been brutal. Pew Research Center tracked the browsing behavior of 900 U.S. adults and found that when Google shows an AI summary, users click a traditional result just 8% of the time, roughly

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Antares raises $470M to build nuclear reactors for the U.S. military

Nuclear power startup Antares said Monday that it has raised $470 million to build small reactors for U.S. military bases. The Series C round, which was led by Paradigm and Caffeinated Capital with participation from Industrious Ventures, Point72 Ventures, and Shine Capital, underscores investors’ growing interest in advanced nuclear

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Ransomware hits Langflow, can't collect ransom | VentureBeat

AI referral traffic lands on homepages | VentureBeat

Antares raises $470M to build nuclear reactors for the U.S. military

Stay Safe in Severe Weather With Up to $1,800 Off EcoFlow Power Stations